Stewart Mackertich Wms Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Stewart Mackertich Wms, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Stewart Mackertich Wms is a Public company headquartered in Kolkata, WB which is founded in 1993 by Rahul Kayan, Ashiwini Kumar Tripathi. Stewart-Mackertich-Wms is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Stewart Mackertich Wms work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Stewart Mackertich Wms is an NSE and BSE-listed company with over Nil branches in India.

OverviewStewart Mackertich Wms
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterKolkata, WB
FoundersRahul Kayan, Ashiwini Kumar Tripathi
Foundation Year1993
Supported ExchangesNA
Total branchesNil

Stewart Mackertich Wms Account opening charges

You need to open a demat account and a trading account, to start trading with Stewart Mackertich Wms. So, to open a trading account with Stewart Mackertich Wms, you need to pay a fee of Rs.250. However, the trading annual maintenance charges of Stewart Mackertich Wms are free. And Demat annual maintenance charges are Rs.250 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Stewart Mackertich Wms is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesStewart Mackertich Wms
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.5,100
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Stewart Mackertich Wms Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Stewart Mackertich Wms brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Stewart Mackertich Wms This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Stewart Mackertich Wms charges a brokerage fee of 0.04% per order.
  • Equity futures: The brokerage cost for equity futures is 0.04% as well.
  • Equity options: Stewart Mackertich Wms charges a brokerage fee of Rs.36 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Stewart Mackertich Wms’s dynamic 0.04% charges.
  • Commodity: For commodity options trading, Stewart Mackertich Wms charges a brokerage fee of 0.04%.

Equity Brokerage Charges

Equity Brokerage ChargesStewart Mackertich Wms
Equity Delivery Brokerage0.36%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.36 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesStewart Mackertich Wms
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.36 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesStewart Mackertich Wms
Commodity Options Brokerage0.04%

Stewart Mackertich Wms Other Charges

  • Minimum brokerage charges: At Stewart Mackertich Wms, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00299% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0112% of Total Turnover by Stewart Mackertich Wms.
  • Call and trade charges: If you use call and trade service, the charges of Stewart Mackertich Wms are NA.
Other Brokerage ChargesStewart Mackertich Wms
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00299% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0112% of Total Turnover
Call and Trade ChargesNA

Stewart Mackertich Wms Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Stewart Mackertich Wms offers Upto 2x times leverage on equity delivery, Upto 5x times leverage on equity intraday, Upto 3x times leverage on equity futures, and Upto 6x times leverage on equity options.

Here is the leverage provided by Stewart Mackertich Wms:

Equity LeverageStewart Mackertich Wms
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 3x
Equity OptionsUpto 6x

Stewart Mackertich Wms Currency Leverage

Stewart Mackertich Wms also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 1x times and Currency Options Upto 3x times.

Currency LeverageStewart Mackertich Wms
Currency FuturesUpto 1x
Currency OptionsUpto 3x

Stewart Mackertich Wms Commodity Leverage

Stewart Mackertich Wms offers Upto 2x leverage for commodity trading.

Equity LeverageStewart Mackertich Wms
CommodityUpto 2x

Stewart Mackertich Wms Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Stewart Mackertich Wms gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersStewart Mackertich Wms
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Stewart Mackertich Wms Features

  • Discount Broker:Stewart Mackertich Wms, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 5x trading leverage.
  • Range of Investment Products: Stewart Mackertich Wms is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Stewart Mackertich Wms paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Stewart Mackertich Wms differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Stewart Mackertich Wms provides margin funding services. These can be used to make partial payments on cash segment transactions. Stewart Mackertich Wms lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Stewart Mackertich Wms provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Stewart Mackertich Wms offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Stewart Mackertich Wms is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Stewart Mackertich Wms’s 0.04% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Stewart Mackertich Wms provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Stewart Mackertich Wms offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesStewart Mackertich Wms
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Stewart Mackertich Wms Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Stewart Mackertich Wms offers research papers with the top recommendations, which are developed by industry specialists. On their website, Stewart Mackertich Wms also offers annual reports, as well as daily market reviews and weekly reports.

ServicesStewart Mackertich Wms
Fundamental ReportsNo
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Stewart Mackertich Wms Trading Platforms

To fulfil the various needs of its consumers, the Stewart Mackertich Wms trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsStewart Mackertich Wms
Desktop BrowserYes

Stewart Mackertich Wms Mobile App

Stewart Mackertich Wms offers mobile trading through the Stewart Mackertich Wms app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppStewart Mackertich Wms
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Stewart Mackertich Wms Customer Support

  • Online trading support: Stewart Mackertich Wms can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Stewart Mackertich Wms offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Stewart Mackertich Wms5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportStewart Mackertich Wms
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches380

Stewart Mackertich Wms Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 0 BSE complaints, of which 0 have been resolved, which amounts to NaN % in percentage terms. And, when it comes to NSE complaints, there are 1 of them, with 1 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is NaN %

The table below highlights the complaints acquired by Stewart Mackertich Wms.

BSE ComplaintsStewart Mackertich Wms
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Explore Stewart Mackertich Wms’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Stewart Mackertich Wms can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.